The Office of the Comptroller of the Currency provided guidance on how the OCC's supervisory approach and processes are applied to the asset management activities of national banks.
News & Insights
An OCC final rule that codifies an exception to the withdrawal period for banks that administer a collective investment fund primarily invested in real estate or other non-readily marketable assets was published in the Federal Register.
The OCC adopted a final rule that codifies an exception to the withdrawal period for banks that administer a collective investment fund primarily invested in real estate or other non-readily marketable assets.
The New York State Department of Financial Services urged the DOL to reconsider a proposed amendment that requires plan fiduciaries to recommend investments based solely on financial considerations, arguing that the amendment would discourage the consideration of environmental, social and governance-related investments.
A bank settled OCC charges for violating the statutory holding period for "other real estate owned" and failing to implement corrective measures.